New and existing businesses benefit from the support of an active Chamber of Commerce and many city amenities. The City of Altoona has a Tax Increment Finance (TIF) program and a five-year residential tax abatement program (with an annual cap of $75,000 per house) designed to encourage residential development. The Eastern Polk Regional Development, Inc. was formed by four Iowa communities (Altoona, Bondurant, Mitchellville and Pleasant Hill) in order to stimulate economic growth in Eastern Polk County. The primary focus of the organization is to attract new businesses to the area by promoting Eastern Polk County to prospective businesses, developers and commercial realtors. The area’s largest employers include Prairie Meadows Racetrack & Casino, Marzetti Frozen Pasta, Walmart, Target, Artistic Manufacturing Corporation, Kent Feeds, Menards, Lowe’s, Adventureland Park, Iowa Cold Storage LLC and Southeast Polk Community School District.